Zero Percent Mortgages for All Homeowners As Foretold In the Bibles Book of Nehemiah According to Duane Faust, founder of Restore Mortgages, “America’s homeowners are undergoing devastating events of biblical proportions. Considering there are approximately 48 million Americans with a mortgage, nearly 19 million households have been ill-effected by actual repossession, foreclosure filings, and/or designated [...]
Finance chiefs from the G20 nations say they will make sure the International Monetary Fund has the resources it needs to help stabilise the world economy. That commitment is a hint that the world’s leading economies may be open to a larger role of the IMF in the eurozone debt crisis – and if necessary [...]
David Cameron demanded a ‘big bazooka’ to resolve the crisis David Cameron demanded a ‘big bazooka’ to resolve the crisis in the Euro yesterday amid warnings that the collapse of the single currency would cost Britain £120 billion. The Prime Minister and Chancellor George Osborne joined forces to demand greater ‘firepower’ from the Eurozone in [...]
Households are facing the greatest fall in income for 35 years, leading financial experts warn. The delayed impact of the recession will see £2,000 wiped off the annual income of the typical family. The Institute for Fiscal Studies predicts that household spending power will fall by 7 per cent in real terms between 2009-10 and [...]
Evidence that a major slowdown in economic activity is hitting the UK job market emerged today as unemployment surged past 2.5million to a 17-year high. The total number of jobless adults increased by a hefty 114,000 to 2.57million in June-to-August, official figures showed today, the worst figure since the autumn of 1994. A jobless rate [...]
Not many parents would be brave enough to prosecute their own child for stealing their car. But anyone taking such a tough stance would not expect to be penalised by their insurer — particularly when most firms would be sympathetic. Yet this is what has happened to Susan and James Schnadhorst, from Northwood, Hertfordshire. High [...]
The country’s biggest private sector pension funds are £200billion in the red, a report warned yesterday. In just four weeks, the deficit has grown by £80billion, fuelled by the stock market plunge and collapsing returns on government bonds. Experts warn the alarming figures could prompt employers to close pension schemes or make them less beneficial [...]
We try not to write about the weight fluctuations of celebrities but Crystal Renn, the former poster girl for the plus-size modelling industry, and her recent weight loss makes for a story about more than just having an off-day while wearing a bikini. Crystal spent the majority of her early modelling career striving to make it [...]
BARCELONA (Reuters) – The global aviation industry faces growing uncertainty over financing due to Europe’s debt crisis and worries surrounding French banks, lenders and airlines were warned on Tuesday. Despite record numbers of aircraft leaving the production lines at Airbus <EAD.PA> and Boeing <BA.N> to fuel ever-growing demand from rising economies, doubts are spreading as [...]
LONDON (Reuters) – Lloyds Banking Group’s finance director, Tim Tookey, is to quit the partly state-owned British bank to join insurer Friends Life, continuing a series of high-profile management departures since the arrival of new chief executive Antonio Horta-Osorio at the beginning of the year. Lloyds said on Monday that Tookey would remain with the [...]
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